Abb Takk News

CJP Summons Loans Write-Off Report On Political Grounds

Islamabad (April 26, 2018): Chief Justice of Pakistan Mian Saqib Nisar announced on Wednesday that the loans which were written-off on the political basis, would be recovered at any cost.

Hearing the loan write-off case at the apex court, the top judge declared that the assets of the individuals who failed to pay back loans would be sold off for recovering the money and depositing it in the national kitty.CJP Nisar inquired about the total amount which was not paid back to which the counsel for the private bank replied that Rs 54 billion was written off.

Barrister Zafarullah apprised the bench that Benazir Bhutto, Nawaz Sharif, Yousaf Raza Gillani, Chaudhry brothers and Muhammad Khan Junejo were among the defaulters. The CJP sought details of all those who took loans from government banks without paying back and asked for details of national and international bank accounts of the aforementioned Pakistanis.

The top judge also asked Governor Tariq Bajwa, Governor State Bank of Pakistan if there was a way to bring back the money stashed in offshore accounts.

To this, the Governor replied that there was no such clause in the legal procedures.

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